Cost of living in New York City (United States) is 29% more expensive than in Reykjavik (Iceland)
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This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 679 prices entered by 162 different people.
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Currency:
| Food | - 9% | |||
|---|---|---|---|---|
| Food in New York City (United States) is 9% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| New York City | Reykjavik | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | $19 (2,505 kr) | 2,825 kr | - 11% | |
| Combo meal in fast food restaurant (big mac meal or similar) | $11 (1,501 kr) | 1,801 kr | - 17% | |
| 500 gr (1 lb.) of boneless chicken breast | $6 (862 kr) | 1,018 kr | - 15% | |
| 1 liter (1 qt.) of whole fat milk | $1.23 (165 kr) | 191 kr | - 14% | |
| 12 eggs, large | $4.40 (588 kr) | 763 kr | - 23% | |
| 1 kg (2 lb.) of tomatoes | $4.10 (547 kr) | 643 kr | - 15% | |
| 500 gr (16 oz.) of local cheese | $7 (968 kr) | 999 kr | - 3% | |
| 1 kg (2 lb.) of apples | $3.19 (426 kr) | 352 kr | + 21% | |
| 1 kg (2 lb.) of potatoes | $1.74 (233 kr) | 390 kr | - 40% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $4.25 (568 kr) | 463 kr | + 23% | |
| 1 bottle of red table wine, good quality | $22 (2,920 kr) | 2,821 kr | + 4% | |
| 2 liters of coca-cola | $2.63 (352 kr) | 312 kr | + 13% | |
| Bread for 2 people for 1 day | $2.96 (395 kr) | 431 kr | - 8% | |
| Housing | + 76% | |||
| Housing in New York City (United States) is 76% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| New York City | Reykjavik | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $5,243 (700,361 kr) | 284,594 kr | + 146% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $3,121 (416,884 kr) | 244,436 kr | + 71% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | $158 (21,047 kr) | 19,819 kr | + 6% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $3,397 (453,775 kr) | 176,423 kr | + 157% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $2,127 (284,097 kr) | 142,384 kr | + 100% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | $116 (15,524 kr) | 20,865 kr | - 26% | |
| Internet 8 mbps (1 month) | $49 (6,542 kr) | 7,942 kr | - 18% | |
| 40” flat screen tv | $323 (43,166 kr) | 91,767 kr | - 53% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | $190 (25,318 kr) | 26,771 kr | - 5% | |
| Laundry detergent (3 l. ~ 100 oz.) | $13 (1,716 kr) | 2,082 kr | - 18% | |
| Hourly rate for cleaning help | $31 (4,091 kr) | 4,144 kr | - 1% | |
| Clothes | - 41% | |||
| Clothes in New York City (United States) is 41% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| New York City | Reykjavik | Diff | ||
| 1 pair of jeans (levis 501 or similar) | $53 (7,061 kr) | 16,475 kr | - 57% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $42 (5,644 kr) | 8,266 kr | - 32% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | $92 (12,321 kr) | 20,487 kr | - 40% | |
| 1 pair of men’s leather business shoes | $123 (16,478 kr) | 26,371 kr | - 38% | |
| Transportation | + 17% | |||
| Transportation in New York City (United States) is 17% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| New York City | Reykjavik | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | $22,806 (3,046,359 kr) | 4,426,080 kr | - 31% | |
| 1 liter (1/4 gallon) of gas | $1.12 (150 kr) | 286 kr | - 48% | |
| Monthly ticket public transport | $128 (17,097 kr) | 11,150 kr | + 53% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | $31 (4,101 kr) | 3,902 kr | + 5% | |
| Personal Care | + 43% | |||
| Personal Care in New York City (United States) is 43% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| New York City | Reykjavik | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | $7 (944 kr) | 1,391 kr | - 32% | |
| 1 box of antibiotics (12 doses) | $24 (3,245 kr) | 1,999 kr | + 62% | |
| Short visit to private doctor (15 minutes) | $163 (21,773 kr) | 5,936 kr | + 267% | |
| 1 box of 32 tampons (tampax, ob, ...) | $8 (1,106 kr) | 695 kr | + 59% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | $4.22 (564 kr) | 621 kr | - 9% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | $8 (1,014 kr) | 742 kr | + 37% | |
| 4 rolls of toilet paper | $5.23 (699 kr) | 528 kr | + 32% | |
| Tube of toothpaste | $2.11 (281 kr) | 392 kr | - 28% | |
| Standard men's haircut in expat area of the city | $30 (4,042 kr) | 6,153 kr | - 34% | |
| Entertainment | + 30% | |||
| Entertainment in New York City (United States) is 30% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| New York City | Reykjavik | Diff | ||
| Basic dinner out for two in neighborhood pub | $65 (8,743 kr) | 6,554 kr | + 33% | |
| 2 tickets to the movies | $33 (4,411 kr) | 3,228 kr | + 37% | |
| 2 tickets to the theater (best available seats) | $397 (53,065 kr) | 11,318 kr | + 369% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | $100 (13,416 kr) | 14,878 kr | - 10% | |
| 1 cocktail drink in downtown club | $16 (2,116 kr) | 2,535 kr | - 17% | |
| Cappuccino in expat area of the city | $4.89 (653 kr) | 675 kr | - 3% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | $8 (1,111 kr) | 1,232 kr | - 10% | |
| Ipad wi-fi 128gb | $418 (55,817 kr) | 85,437 kr | - 35% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | $0.51 (68 kr) | 21 kr | + 230% | |
| 1 month of gym membership in business district | $80 (10,684 kr) | 8,496 kr | + 26% | |
| 1 package of marlboro cigarettes | $14 (1,895 kr) | 1,593 kr | + 19% | |
 |
TOTAL | + 29% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 679 prices entered by 162 different people.
These prices were last updated on July 03, 2022.
Exchange rate:
133.580
ISK
/
USD
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For example, you would need at least 1,094,180 kr ($8,191) in New York City to maintain the same standard of living that you can have with 848,000 kr in Reykjavik.
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